Jump Financial LLC Takes $2.80 Million Position in EOG Resources, Inc. $EOG

Key Points

• Jump Financial LLC has acquired a new position in EOG Resources, buying 21,806 shares valued at approximately $2.80 million during the first quarter.
• Several institutional investors, including Nuveen LLC and GAMMA Investing LLC, have significantly increased their stakes in EOG, with nearly 90% of the stock now owned by institutional investors.
• EOG Resources recently announced an increase in its quarterly dividend to $1.02 per share, representing a 3.4% yield based on an annualized payout of $4.08.

Jump Financial LLC purchased a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,806 shares of the energy exploration company's stock, valued at approximately $2,796,000.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of EOG Resources by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company's stock valued at $6,922,633,000 after purchasing an additional 348,895 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of EOG Resources by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock valued at $2,485,402,000 after purchasing an additional 1,188,552 shares in the last quarter. Northern Trust Corp boosted its stake in shares of EOG Resources by 6.3% in the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company's stock valued at $779,433,000 after purchasing an additional 358,916 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of EOG Resources by 1.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company's stock valued at $709,201,000 after purchasing an additional 60,454 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of EOG Resources by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,911,741 shares of the energy exploration company's stock valued at $629,789,000 after purchasing an additional 36,777 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Up 0.4%

EOG Resources stock traded up $0.55 during mid-day trading on Friday, hitting $124.89. 1,737,955 shares of the stock were exchanged, compared to its average volume of 2,737,268. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The firm's fifty day simple moving average is $120.06 and its two-hundred day simple moving average is $118.95. The stock has a market capitalization of $68.19 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 9.50 and a beta of 0.80.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same quarter last year, the business earned $3.16 EPS. The company's revenue was down 9.1% compared to the same quarter last year. Analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Melius Research assumed coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a "buy" rating and a $173.00 price objective for the company. Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Melius assumed coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a "buy" rating and a $173.00 price objective for the company. Finally, Mizuho dropped their price objective on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $143.61.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.